I think the confusion stems from the fact that India has a surplus of IT employees. The sheer number of universities and software graduates is hard for Western

I think the confusion stems from the fact that India has a surplus of IT employees. The sheer number of universities and software graduates is hard for Western countries to imagine. As such, you will see a massive salary range, anywhere from 3-60 lakhs per year. It’s hard to calculate based on experience - tenure, tech stack, or otherwise. The lower end is dominated by body shops that take the bulk of offshored projects, since that’s exactly what Western companies want. The higher end is dominated by FAANG and VC funded startups. Moreover, the majority of companies do not have significant yearly raises, and jumping jobs is the often the only solution.